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StableTable is a research driven DeFi project focused on one thing above all:
Finding, filtering, and explaining the best stablecoin yield opportunities across DeFi
We do not exist to add noise
We exist to bring clarity
In a market full of scattered protocols, changing rates, temporary incentives, and hard to compare opportunities, StableTable helps turn complexity into a clearer path:
> We constantly search for strong stablecoin yield opportunities
> We compare different strategies, structures, and conditions
> We share analysis, insights, and actual observations on what looks worth watching
> We help make the stablecoin yield space easier to understand and easier to navigate
Our focus is not random speculation
Our focus is smart stablecoin research, better yield discovery, and clearer strategy selection
What you will find here
> Daily analysis
> Yield focused insights
> Research based posts
> Educational content
> A cleaner view of where stablecoins can work harder in DeFi
If you want to stay close to the project and take part in the early community, join our Discord and take the Pioneer role:
> Discord: discord.gg/7hxwXQ76sT
Stay connected
Follow this page for daily research and updates
Not financial advice
StableTable π retweeted
$sDOLA looped 20x on LlamaLend gave 43.4% this week and @yieldbasis incentives via @merkl_xyz gave 46.7% to $pyUSD and $crvUSD. π
Find even more worth farming in the weekly post.
news.curve.finance/curve-besβ¦
StableTable π retweeted
crvUSD/USDT is nice, good for the peg!
46% APY on top stables?
Extra rewards on the @CurveFinance PYUSD/crvUSD gauge are now available in the Stake DAO app.
Depositors earn them on top of ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52 rewards and trading fees.
Deposit: app.stakedao.org/strategy?prβ¦
What does 17.8% on stablecoins look like from the inside?
Ten positions, one swap this week, two on a one-week clock. πΉ
This is my aggressive book: leverage, LPs, and yield windows I expect to rotate out of. Every line is in the table below.
The swap. alUSD-USDC is out at 22.5% realized after 84 days, its quote had fallen to 7.5%.
In its place: alUSD-fxUSD on @CurveFinance via @ConvexFinance , quoted 17.7%. Yes, fxUSD is the token Iβve flagged twice for outflows. For an LP thatβs the point: heavy swapping means heavy fees, and the last 24h show the first inflow since the drop, TVL +13.1%.
The clock. BOLD-USDC and rlUSD-USDC LP strategies on @Tangent_fi have paid 16.5% and 16.8% realized over 84 days. Good receipts. But their forward rates are now 10.7% and 9.0%, down from 14.9% and 14.5%, because yields on the USG pools behind them dropped hard.
I allocate on the forward number, not the one I already collected. If those rates hold through next week, both get replaced. π
One more move worth noting: sUSDai / frxUSD went from 23.9% to 15.1% realized. sUSDai is trading slightly below NAV again, and the mark comes straight out of the receipt.
Book-wide: quoted 17.9%, realized 17.8%.
The conservative book targets 6β8% unlevered and gets touched about once a month. Posted separately.
@StakeDAOHQ @AlchemixFi @ResupplyFi @Morpho @InverseFinance @aeroxyz @protocol_fx @avantprotocol @LiquityProtocol
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A conservative stablecoin book, three months in: 7.5% realized, no leverage π§
Ten positions, six of them untouched since day one, 91 days ago.
Thatβs the result worth showing. No rotation, no rescue, just a week where every line did what I bought it to do.
The top three are two @Pendle (PT-USDat at 11.2% and sUSDe LP at 10.0% across the full 91 days) and @autopools baseUSD vault.
Quoted 7.0%, realized 7.5%. The target for this book is 6β8%.
This is the conservative book: unlevered, touched about once a month. The aggressive one runs with leverage and rotating yield windows. Posted separately.
@pendle_fi @autopools @saturn_credit @ethena @yearnfi @0xfluid @Morpho @gauntlet_xyz @zama @SteakhouseFi @OriginProtocol @fraxfinance @aave
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StableTable π retweeted
π Vectis 2-Year Anniversary π
Two years ago, Vectis began with a simple belief: institutional-grade quantitative strategies could bring more sustainable, risk-conscious yield to DeFi.
Looking back, these two years have been a journey of continuous growth, adaptation, and resilience.
1. Evolving With the Market
We continuously adapted our strategies to changing market conditions.
What started with crypto-native opportunities has expanded into equities and other traditional asset classes.
We launched two versions of #UltraX_Arb_V2, covering both @solana and @ethereum network, while extending our trading universe beyond crypto into tokenized stocks.
Through changing market environments, we remained focused on delivering solid, consistent returns through market-neutral strategies.
2. Growing Alongside Strong Partners
Over the past year, we expanded our relationships and collaborations across the ecosystem, including @binance, @okx, @HyperliquidX, @Cobo_Global, @CeffuGlobal, and @AccountableData.
Each of these partners plays an important role in our infrastructure, trading, custody, or transparency framework.
Weβre grateful to have these partners alongside us as Vectis continues to grow.
3. Built on Trust, Sustained by Community
We understand that confidence in DeFi has evolved, and investors have become more thoughtful about where and how they allocate their capital.
Yet many users and partners have continued to stand alongside Vectis, trust our work, and grow with us.
A special thank you to our communities and investors across Japan, the UAE, Singapore, the United States, and Hong Kong.
Your continued support means more than words can express.
4. The People Behind Vectis
Vectis began as a small 10-member strategy lab and has since grown into a multidisciplinary team spanning quantitative research, trading, product, and operations.
Throughout this journey, core members @0xTomFu and @freda_vectis have continued to guide Vectis' strategic direction, supported by dedicated quantitative researchers working behind the scenes to drive innovation and strengthen our strategies.
Meanwhile, community leads @famousRaymond4 and @IbrahimIjai have worked closely with the entire team to deliver a more professional, responsive, and friendly experience for our investors and users.
The team is still here. Still researching, still building, and still improving.
5. Standing Strong Through Industry Challenges
The past year has been one of the most challenging periods for DeFi. Major security incidents, including the Drift exploit and Binance-related security disruptions, alongside the closure of numerous projects and teams, have reshaped the industry.
Confidence has been tested, capital has shifted, and the meaning of trust and resilience has become more important than ever.
We know that many in the industry have faced difficult decisions, and that users have become more cautious.
Through all these changes, Vectis has continued to move forward, adapting our strategies, strengthening our infrastructure, and staying committed to the people who trust us.
Two years in, our conviction remains unchanged.
Markets will change. Technologies will evolve. The industry will go through more cycles.
But our commitment to quantitative research, capital protection, transparency, and sustainable yield remains the same.
To everyone who has been part of this journey β our users, partners, community, and team β thank you for being here.
Vectis Team
Vectis 1 Year Recap: Pioneer, Transparent, Steady
From a single line of code to ten vaults serving users across six continents, #Vectis has officially completed its first year.
Over the past 12 months, weβve stayed true to our core mission: Pioneer in vision, transparent in strategy, steady in growth.
π§© Product
On Day 1, Vectis launched with just one strategy β a JLP hedging vault on @DriftProtocol .
It was a modest beginning, but laid the foundation for everything that followed. Since then, Vectis has consistently led the market as a pioneering fund manager, with each strategy designed to dynamically optimize yield while managing risk.
π₯ First to offer an insured JLP hedging strategy (JLP Navigator II)
π₯ First to hedge JLP exposure on @HyperliquidX
π₯ First to enable depositors to earn @Backpack Points through integrated trading activity
π₯ First to make institutional-grade funding rate arbitrage accessible to retail investors
π₯ First to deploy a live AI-powered trading vault using @AlloraNetwork predictive price signals
Our average annualized yield has remained above 20%, supported by continuous strategy upgrades, portfolio balancing, and active monitoring across multiple venues.
On the partnership front, weβre proud to collaborate with some of the most respected names in the ecosystem, including @JupiterExchange , @DriftProtocol , @HyperliquidX , @Backpack , @Cobo_Global , @voltrxyz , and @AlloraNetwork β to build resilient infrastructure and expand access to innovative #DeFi strategies.
βοΈ Risk Management
This year, #Vectis has completely revamped our user interface and transparency framework, now disclosing real-time positions, leverage, and realized returns, not just estimates.
This level of openness sets a new benchmark for what #DeFi fund management should look like. We want everyone to have access to our trading records and positions anytime, anywhere, as transparency has always been our top priority.
To ensure institutional-grade security, all vault assets are also custodied with @Cobo_Global , one of the most reputable custodians in the industry to minimize the single-point-of-failure risks associated with private key management.
In addition, every smart contract used by Vectis undergoes independent and rigorous audits to safeguard system integrity and user trust.
On the trading side, Vectis promptly detected market volatility and entered full monitoring mode, continuously tracking liquidity depth, margin utilization, and cross-exchange spreads in real time. This vigilance enabled swift, decisive actions and ensured that all systems operated smoothly throughout the event.
The 1011 market meltdown was a true stress test for the entire #DeFi landscape. Vectis stood strong through the chaos with zero liquidations, no drawdowns, and 100% operational uptime.
π₯ Team
Vectis began as a small 10-member strategy lab and has since grown into a multidisciplinary team this year spanning quant, trading, product, and operations.
As the team expanded throughout the year, core members @0xTomFu and @freda_vectis have continued to guide Vectisβ strategic direction, supported by a dedicated group of quantitative researchers driving innovation behind the scenes and refining the productβs robustness.
Meanwhile, community leads @famousRaymond4 and @IbrahimIjai have collaborated closely with the entire team to deliver a more professional, responsive, and friendly service experience for all investors and users.
π Our Community
Over the past year, #Vectis has grown into a truly global community, reaching users across Mainland China, Hong Kong, and Taiwan, as well as Japan, Korea, Singapore, Malaysia, Australia, Switzerland, France, the United Kingdom, Russia, Turkey, the United Arab Emirates, Nigeria, Brazil, Canada, the United States, and beyond.
Also, throughout the year, Vectis has strengthened connections with users worldwide and continued to grow alongside its community.
Online, we introduced initiatives such as Badge Rebates, Monthly Drops, and the Boost Station Campaign, bringing more rewards, excitement, and engagement to users everywhere.
Offline, Vectis connected with its community at events across the UAE, APAC, and the Americas, with more opportunities to meet and collaborate in person already in the works.
π Looking Ahead
As we celebrate our first anniversary, Vectis has built a strong foundation of product, risk management, and trust.
The next chapter is about scaling with stability
βͺοΈStay grounded: continue refining our mechanisms to adapt to an ever-changing market.
βͺοΈPursue new alpha: explore innovative strategies to bring more exciting opportunities and returns to our community.
βͺοΈEndure cycles: befriend time and harness the power of compounding.
Thank you to every user, partner, and supporter. The journey is just beginning. π
#Vectis #DeFi #Anniversary #YieldFarming
StableTable π retweeted
Lend frxUSD against Stake DAO LPs.
The Frax Ecosystem Accelerator is a ethereum:0xcacd6fd266af91b8aed52accc382b4e165586e29 vault on @Morpho, launched with @fraxfinance and curated by @crossworldsfi.
β’ Supply frxUSD to the vault
β’ Borrowers post Stake DAO LPs of Curve frxUSD pools as collateral
β’ Borrowers pay interest to the vault
Extra rewards on top from @InverseFinance, @3janexyz, @hemi_xyz, Frax and Stake DAO.
Supply: app.morpho.org/ethereum/vaulβ¦
StableTable π retweeted
Arbitrum's approach to DeFi incentives is pretty interesting.
@maplefinance 's syrupUSDG has been growing on the network, and part of that growth comes from cheaper borrowing enabled by incentives.
Take USDG lending on Morpho:
> Gauntlet USDG: ~2.55% base APY
> Steakhouse USDG Pro: ~2.55% base APY
> With ARB rewards: ~7.05% total APY
Lenders earn an attractive return, while curators can offer cheaper borrowing rates. That makes looping strategies more attractive without necessarily incentivizing syrupUSD directly.
@arbitrum 's DRIP season 2 launch announcement mentioned a $10M incentive program, so it'll be interesting to see how much more liquidity these rewards attract and retain.
StableTable π retweeted
We just raised Transmuter caps on Mainnet.
Our current fixed-rate yields:
β¦ USDC: 11.9% APR
β¦ ETH: 7.8% APR
Deposit alAssets at today's rate and receive 1:1 underlying at maturity.
Lock in: go.alchemix.fi/fixed-yield
StableTable π retweeted
avUSD LPs are still earning double-digit returns across the board.
Current yields:
β frxUSD/avUSD: 12.93%
β BOLD/avUSD: 13.99%
β alUSD/avUSD: 34.97%
Even throughout market volatility, avUSD liquidity continues to offer meaningful opportunities across @CurveFinance and @StakeDAOHQ
A vulnerability (worse_query) affecting iOS 26.7.1, 27.0.1, and 27.2 allows malicious apps to read local files from other apps, putting seed phrases, private keys, and login credentials at risk across the entire ecosystem. This is an iOS-level issue, not unique to Binance.
Immediate Action Required:
- Delete any apps installed from untrusted sources (such as sideloaded or manually signed IPAs).
- Update iOS and all apps to the latest official versions.
- If you suspect a breach, transfer funds to a new wallet created on a clean device and reset all active login sessions.
Never install unauthorized packages, and keep your software up to date.
Readers added context they thought people might want to know
Binance recommends updating iOS to the latest versions against worse_query, but researchers describe it as an unpatched 0day and Apple's iOS 27.2.1 notes omit any such fix.
github.com/forcequitOS/woβ¦
support.apple.com/en-us/149715
x.com/0xjohnny/statuβ¦
StableTable π retweeted
Three times this year I got out of a stablecoin before it broke. None of it came from watching the price. π
> March, MIM. Curve pools on Ethereum and Arbitrum had skewed until the other side was under 10%. Price was fine. A pool that lopsided means the exit is thinning β that was enough to stay out.
> June, msUSD (Main Street). Morpho market at 100% utilization for days. Balancer pools down to 14% on the other side. I closed everything at a profit. The depeg landed the next day.
> July, msUSD (Metronome). Different protocol, same ticker, same shape. Out with a few percent of slippage β not clean, but not damaging.
The pattern each time: utilization pinned high, pools tilting, and large flows moving through, all while the price sat at a dollar. Price is the last thing to move, which makes it the worst thing to watch. π
I was doing this by hand, on a handful of tokens, by remembering to look.
So I built the thing that looks for me. Plumbline reads four on-chain signals β utilization, pool skew, large swaps and redemptions, TVL change β across 40+ stablecoins on 9 chains, every 10 minutes, and rolls them into one status. Overall is the worst of the four, because a token is only as healthy as its weakest signal.
Open to everyone, no signup: plumbline.watch/?utm_source=β¦
Built by me, for my own book.
Disclosure: itβs my product.
StableTable π retweeted
Start your week off with rewards.
sfrxUSD continues to deliver the highest risk-adjusted yield on stables.
Earn 5.3% APY with set-it-and-forget-it savings.
π° Get started: frax.com/earn
Large @worldlibertyfi ethereum:0x8d0d000ee44948fc98c9b98a4fa4921476f08b0d redemptions are continuing. π
Eight exits in seven days, ~140M total. Look at the sizes:
20,000,000 Β· 19,999,998 Β· 19,998,999 Β· 19,900,001 Β· 19,860,000 Β· 19,000,000
Six redemptions within a rounding error of 20M each, spaced roughly a day apart β Nov 3, 5, 6, 7, 7, 8.
Thatβs not a crowd. Frightened holders exit in messy amounts at random times. This is one party redeeming in fixed tranches, either against a per-transaction cap or on a schedule. Someone is unwinding a position methodically.
Everything else is calm: pool skew green at 32.83%, TVL and flows yellow rather than red. The exits clear without the liquidity side moving.
The open question is whether the tranches stop or keep coming. At this cadence thatβs answered within a week.
Open to everyone, no signup: plumbline.watch/?utm_source=β¦
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StableTable π retweeted
Provide liquidity for BOLD / avUSD on @CurveFinance and earn 13% APR
You can stake the LP on @stakedao and earn closer to ~ 18% APR π
app.stakedao.org/strategy?prβ¦
Large holders keep leaving @SkyEcosystem ethereum:0xdc035d45d973e3ec169d2276ddab16f1e407384f π
875M redeemed in three days out of a $5.6B token. Five exits, all round numbers through ERC-4626: 300M, 200M, 175.8M, and two of 100M.
Round sizes and that redemption path mean institutional, not retail.
The clustering is the part worth noting. On Nov 6, three redemptions totalling 675M cleared inside ten minutes. On Nov 8, two more of 100M each, seven minutes apart. Not a steady stream of exits β two decisions, executed fast.
TVL is β12.6% over 7 days, β18.1% over 30. But 24h is flat, so after yesterday the outflow stopped.
Everything else is green: utilization 82.96%, pool skew 38.52%. A $5.6B token absorbing 875M in redemptions without the liquidity side moving is the system working as designed.
I hold a leveraged frxUSD-sUSDS position and Iβm not touching it. This doesnβt look like a flight β it looks like two allocators making size decisions, and the token handled both. But capital leaving at that scale is worth staying alert to, and Iβd rather say so while Iβm still in it.
Open to everyone, no signup: plumbline.watch/?utm_source=β¦
Disclosure: Plumbline is mine, and I hold a position tied to this token.
Whatβs happening with @protocol_fx ethereum:0x085780639cc2cacd35e474e71f4d000e2405d8f6 ? π
The USDC/fxUSD pool on Curve did $69.94M of volume on $8.61M of TVL yesterday. Eight times its own size, in a day.
27 sells, ~36M, right after total crypto market cap fell 6%. When the market drops, people want dollars fast.
The pool handled it. Skew still green at 32.02%, utilization green at 83.46%, and LPs earned 32.80% Net APR for sitting on the other side of that flow.
TVL is down 30.5% over 30 days, so capital is leaving. But the exit is working, which is the part that matters.
Skew is the number Iβd watch from here, not the price. A pool takes one-way selling fine until the balance tips β the quote stays at a dollar right up to the moment it doesnβt.
Open to everyone, no signup: plumbline.watch/?utm_source=β¦
StableTable π retweeted
Another week. Still leading.
sfrxUSD just climbed to 5.3% APY, continuing to deliver the highest risk-adjusted yield in stablecoins.
Make your dollars more productive.
π° frax.com/earn
19.7% realized on my aggressive stablecoin book, against 19.6% quoted β first time the two columns have landed on top of each other here. πΉ
I closed @CurveFinance reUSD-sfrxUSD LP at 16.5% realized. Last week I said it had fallen to 7.3% quoted, bottom of the book, and that if the forward rate stayed there it stopped paying for its seat. It went to 7.0%. Out.
The replacement is avUSD-frxUSD LP on @ConvexFinance at 23.9%, and itβs a position Iβve held before. I closed BOLD-avUSD in early October when its rate fell to the bottom of the book. @avantprotocol is boosting its Ethereum pools again and the yield is back near the top, so Iβm back. π―
Thatβs the actual rhythm of this book. Positions donβt leave because something broke β they leave when the forward rate stops competing, and they come back when it does again.
Two positions worth explaining, because they pull in opposite directions.
crvUSD 10x on @ResupplyFi is at 8.0% realized, lowest in the book, against 13.6% quoted. Three weeks ago I opened it just before reUSD ran to 0.994. Borrowing a token means being short it, so that move put me underwater on day one. reUSD is now around 0.992 β closer, but still above where I borrowed. The gap is narrowing and the leverage keeps paying in the meantime. Iβm not closing it to make a paper mark real.
sUSDai / frxUSD @Morpho leverage is the mirror: 23.9% realized at 12 days, third-best line in my book. Before the November 1 redemption sUSDai traded well below par, and itβs back at par now β that recovery is most of the return. The underlying token is seeing steady outflow Iβm still watching. Both things are true at once, and Iβd rather hold a position with a known question than pretend the question isnβt there. Nothing Iβd call a serious risk factor yet. That can change, which is why Iβm monitoring it rather than assuming.
Book-wide: quoted 19.6%, realized 19.7%.
This is the aggressive book β leverage, LPs, and yield windows I expect to rotate out of. The conservative one targets 6-8% unlevered and gets touched about once a month. Posted separately.
@StakeDAOHQ @AlchemixFi @aeroxyz @InverseFinance @fraxfinance @USDai_Official @LiquityProtocol @Tangent_fi
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